Wealthcare Advisory Partners LLC grew its holdings in shares of Activision Blizzard, Inc. (NASDAQ:ATVI) by 83.0% in the 1st quarter, Holdings Channel reports. The firm owned 1,885 shares of the company’s stock after acquiring an additional 855 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Activision Blizzard were worth $86,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently made changes to their positions in ATVI. HL Financial Services LLC grew its holdings in Activision Blizzard by 3.9% during the 1st quarter. HL Financial Services LLC now owns 5,746 shares of the company’s stock valued at $262,000 after buying an additional 216 shares in the last quarter. Regentatlantic Capital LLC grew its holdings in Activision Blizzard by 4.5% during the 1st quarter. Regentatlantic Capital LLC now owns 5,971 shares of the company’s stock valued at $272,000 after buying an additional 257 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its holdings in Activision Blizzard by 1.2% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 22,179 shares of the company’s stock valued at $1,033,000 after buying an additional 260 shares in the last quarter. Lindbrook Capital LLC grew its holdings in Activision Blizzard by 33.9% during the 1st quarter. Lindbrook Capital LLC now owns 1,083 shares of the company’s stock valued at $49,000 after buying an additional 274 shares in the last quarter. Finally, Kaizen Advisory LLC grew its holdings in Activision Blizzard by 15.3% during the 4th quarter. Kaizen Advisory LLC now owns 2,163 shares of the company’s stock valued at $101,000 after buying an additional 287 shares in the last quarter. 86.93% of the stock is owned by institutional investors.
ATVI has been the subject of a number of recent analyst reports. Barclays set a $55.00 target price on Activision Blizzard and gave the company a “buy” rating in a report on Thursday, February 14th. Jefferies Financial Group set a $75.00 target price on Activision Blizzard and gave the company a “buy” rating in a report on Thursday, February 14th. Stifel Nicolaus reduced their target price on Activision Blizzard from $57.00 to $52.00 and set a “buy” rating for the company in a report on Tuesday, February 19th. Needham & Company LLC reaffirmed a “buy” rating and set a $50.00 target price (down previously from $60.00) on shares of Activision Blizzard in a report on Wednesday, February 13th. Finally, BidaskClub upgraded Activision Blizzard from a “hold” rating to a “buy” rating in a research report on Saturday, May 4th. Fourteen investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $60.67.
NASDAQ:ATVI traded up $0.22 during mid-day trading on Thursday, reaching $45.31. The stock had a trading volume of 1,305,052 shares, compared to its average volume of 6,585,326. The company has a market capitalization of $35.77 billion, a price-to-earnings ratio of 18.96, a PEG ratio of 2.31 and a beta of 0.89. Activision Blizzard, Inc. has a one year low of $39.85 and a one year high of $84.68. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.63 and a quick ratio of 2.61.
Activision Blizzard (NASDAQ:ATVI) last released its earnings results on Thursday, May 2nd. The company reported $0.31 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.13. The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.24 billion. Activision Blizzard had a return on equity of 16.19% and a net margin of 23.90%. Activision Blizzard’s quarterly revenue was down 8.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.38 EPS. As a group, sell-side analysts anticipate that Activision Blizzard, Inc. will post 2 EPS for the current year.
About Activision Blizzard
Activision Blizzard, Inc develops and distributes content and services on video game consoles, personal computers (PC), and mobile devices. The company operates through three segments: Activision Publishing, Inc; Blizzard Entertainment, Inc; and King Digital Entertainment. It develops, publishes, and sells interactive software products and entertainment content for the console and PC platforms through retail and digital channels, including subscription, full-game, and in-game sales, as well as by licensing software to third-party or related-party companies; and offers downloadable content.
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